Search Results for: Tim Reardon
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INDUSTRY NEWS
Housing taxes now account for half the cost of a new home
Government taxes and charges on new housing have doubled in some Australian cities over the past five years, with new homebuyers now spending up to 15 years of their mortgage just paying off these costs.
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INDUSTRY NEWS
Metricon Homes retains top spot as Australia’s largest home builder
Metricon Homes has maintained its position as Australia's largest residential builder for the ninth consecutive year, according to a new report.
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INDUSTRY NEWS
Higher taxes won’t solve housing crisis
Increasing taxes on housing will exacerbate affordability issues, according to the Housing Industry Association (HIA).
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INDUSTRY NEWS
Population growth outpaces housing supply
Australia's population has hit 27 million, growing at a pace that is outstripping new housing supply, according to the Housing Industry Association (HIA).
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Real Estate News
Population growth outstrips housing supply
Australia’s population growth is outstripping housing supply, with net overseas migration driving the rise in residents.
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Real Estate News
Is the inflation spike just a ‘blip’ on the radar?
Inflation figures released today are likely to see interest rates remain high for longer, according to experts.
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Real Estate News
Tim Reardon: Attract foreign investors don’t tax them
Foreign investors are not to blame for Australia’s housing shortage and are actually one of the keys to solving the crisis, according to an economist.
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INDUSTRY NEWS
Australia’s property market buckles as immigration hits a 70-year high
The Australian housing market is being put to the test after a record 765,900 new overseas arrivals landed in the country in the 12 months to September.
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Real Estate News
New housing lending continues to drop
The value of new housing lending fell in January for the second consecutive month, according to the latest ABS Lending Indicators.
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INDUSTRY NEWS
Building approvals can’t keep up with record immigration
Australia’s record level of immigration is outpacing new construction which means the housing crisis is only going to get worse according to an expert.
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INDUSTRY NEWS
Housing approvals remain at low levels
Despite surging demand and already low stock levels, new house building approvals numbers have fallen, with the Government’s plan to build 1.2 million homes looking further out of reach according to the industry.
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INDUSTRY NEWS
Dwelling approvals and loan commitments drop
The Reserve Bank of Australia may have kept interest rates on hold this week, but that hasn’t stopped property industry experts from hitting out at the central bank after the latest lending figures showed the number of loans for buying and building a new home has dropped alarmingly.
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INDUSTRY NEWS
Higher cash rate hitting new home sales
The sharpest increase in the official cash rate in history has seen new home sales across the country continue to fall.
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INDUSTRY NEWS
Is the new home sales market turning around?
New home sales have risen 6.8 per cent, with industry experts hinting the market could be starting to rebound
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INDUSTRY NEWS
First-home buyers lead the way as new loan commitments rise
New loan commitments for housing have risen for the first time since early 2022, climbing 4.9 per cent in March, including a substantial 15.8 per cent increase in new owner-occupier first-home buyer loan commitments.
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INDUSTRY NEWS
Refinancing hits a record high as borrowers try to combat rising rates
Rising interest rates are pushing increasing numbers of borrowers to refinance in search of lower interest rates, while new loans have continued to decline according to new data.
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INDUSTRY NEWS
Experts weigh in on interest rate debate
More than one-third of experts in Finder’s RBA Cash Rate Survey believe the central bank will put the cash rate on hold at its meeting today.
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INDUSTRY NEWS
High interest rates weigh on new homes sales
The record rise in interest rates is continuing to weigh on new home sales, while a better than expected jobs report could mean rate cuts might not be on the way.
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INDUSTRY NEWS
New home lending falls to lowest level in three years
New home lending has fallen to the lowest level in three years as industry experts believe it's time for the RBA to stop hiking interest rates.
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INDUSTRY NEWS
Home builders to weather the interest rate storm
Home builders are well positioned to handle higher interest rates, believing the events of the past two years have been more difficult to contend with.
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INDUSTRY NEWS
Rents and mortgage repayments to keep rising
Rents and mortgage repayments are expected to continue to rise over the next 12 months, putting more pressure on households already struggling with the high cost of living.
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Real Estate News
Experts tip cash rate to rise before end of 2022
More monetary policy experts are tipping an interest rate rise before the end of the year, despite not expecting the Reserve Bank of Australia to lift the cash rate tomorrow.
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Real Estate News
Home building boom to continue in 2022
Australia’s home building boom is set to continue throughout 2022 despite the cost of labour and materials rising and pushing the cost of a new home higher.
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Real Estate News
APRA steps in to curb mortgage debt with increased interest rate buffer
The Australian Prudential Regulatory Authority (APRA) has stepped in to curb household mortgage debt, announcing stricter lending conditions.
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INDUSTRY NEWS
Regional areas benefit from Sydney and Melbourne’s population exodus
Regional areas in New South Wales and Victoria have seen a huge spike in house sales as city residents move away from Sydney or Melbourne.
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Real Estate News
New home building hits highest level in more than 20 years
New home building surged to its highest level in more than 20 years in the December quarter, with the Housing Industry Association attributing the rise to the Federal Government’s HomeBuilder program.
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Elite Agent
Construction of new homes to hit record high in 2021
A record number of almost 130,000 detached homes are anticipated to commence construction in 2021.
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Elite Agent
A demand for detached housing will ‘pull the economy forward’: HIA
A renewed interest in detached housing will put our economy into recovery mode, according to HIA's Chief Economist Tim Reardon.
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Real Estate News
HomeBuilder is working for now, but a second cliff is up ahead
A 15.4 per cent leap in the number of dwelling approvals and a 25.3 per cent rise in the value of housing construction loans during September shows the effectiveness of the HomeBuilder program.
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Elite Agent
The full impact of HomeBuilder is now evident: HIA
The full impact of HomeBuilder is now evident with sales now 11.8 per cent higher compared to last year. HIA
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Elite Agent
First home buyer loans hit 11-year high
"The short-term stimulus from HomeBuilder is emerging in the housing finance data released by the ABS today."
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Elite Agent
PCA call for six-month Home Builder extension
Recent research by the National Housing Finance and Investment Corporation predicted that demand for housing in Australia would fall by up to 232,000 dwellings over the next three years.
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Real Estate News
HomeBuilder will keep residential building industry afloat in December Quarter
The HIA New Home Sales report indicates that HomeBuilder will support building activity and protect jobs in the industry during the December 2020 Quarter.
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Elite Agent
Residential land demand highest in two years
The impact of HomeBuilder is finally beginning to be represented by statistics.
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Elite Agent
Australian housing at its most affordable since 1999
HIA’s Housing Affordability Index for the June Quarter 2020 indicates national property prices are at their most affordable since 1999. HIA’s Affordability Index is calculated for each of the eight capital cities and regional areas on a quarterly basis and takes into account the latest dwelling prices, mortgage interest rates, and wage developments. Housing affordability improved in the June quarter…
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